3 Categories of Bail Bonds You Should Know About

A bail bond is a security issued by a company as a representative for the defendant that allows the accused to be released from jail. That representative company charges a 10% fee for the paperwork and interaction required by the court. Here are three types of bail you can get when you need to get a bond.

  1. Surety

The surety bond is the most common method of bonding out of jail. When the defendant is not able to make a cash payment to the court, a bail bonds Scranton PA company will work with the accused by accepting property, credit cards, cash, or a combination of the three. Upon payment, the bondsperson works as a go-between with the court to provide a speedy release for the accused.

  1. Cash

When a defendant pays a cash bond to the court system to arrange his or her discharge from jail, the release is quick and efficient. After the court proceedings are finished, the accused will receive a refund of the bond, but the court will keep 10% for general administrative fees and services. The reimbursement can also take three or four months. If the defendant fails to show for even a single appearance, the bond is forfeit.

  1. Property

Much less common than a surety, the property bond is used when someone has enough equity in a property valuation to cover the entire cost of the bail. In most cases, the court or bondsperson will not accept a bail property unless it is substantially higher than the bail amount. This bond can take several days to complete because of the research required to verify property pay-off amounts.

It is nice to know there are several options for an accused individual to use when seeking bail. Whether paying cash directly to the court or seeking help from a bail bond company, once the amount is paid, the defendant can go back to work and the comfort of family.

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